Kinova Robotics, a designer and manufacturer of robotic solutions, has raised additional funds of $25 million for further expansion.
The money came from four major contributors, including lead investor Fonds Manufacturier Québécois; co-investors KTB Network, and Foxconn; and BDC Capital, the investment arm of BDC.
Kinova says 90 per cent of its business is exports, so establishing an office outside its native Canada is a priority.
Kinova CEO Charles Deguire says: “We want our users to achieve the extraordinary with our robots – creating more value for themselves and our society. [Read more…] about Kinova Robotics raises $25 million for expansion plans